Tag: MBA Advocacy Update

On Monday, the Biden administration released the top-line framework for the Fiscal Year 2023 budget proposal. On Tuesday, the House Financial Services Committee held a hearing on appraisal reform. And on Wednesday, the FDIC released a request for comment on draft principles for safe and sound management of exposures to climate-related financial risk for financial institutions with more than $100 billion in total assets.

On Monday, the Biden administration released the top-line framework for the Fiscal Year 2023 budget proposal. On Tuesday, the House Financial Services Committee held a hearing on appraisal reform. And on Wednesday, the FDIC released a request for comment on draft principles for safe and sound management of exposures to climate-related financial risk for financial institutions with more than $100 billion in total assets.

On Wednesday, the Biden administration released its Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan. Yesterday, the Senate Banking Committee held a hearing on the PAVE report. On Tuesday, the CFPB issued a compliance bulletin addressing various unfair and deceptive practices affecting consumer reviews. And on Monday, the SEC voted to release a Notice of Proposed Rulemaking that would require domestic and foreign registrants to include climate risk and impact information in registration statements and periodic reports.

On Wednesday, the Biden administration released its Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan. Yesterday, the Senate Banking Committee held a hearing on the PAVE report. On Tuesday, the CFPB issued a compliance bulletin addressing various unfair and deceptive practices affecting consumer reviews. And on Monday, the SEC voted to release a Notice of Proposed Rulemaking that would require domestic and foreign registrants to include climate risk and impact information in registration statements and periodic reports.

Last week the Senate Banking Committee advanced FHFA Acting Director Sandra Thompson’s nomination, moving her closer to being confirmed as Director. And on Wednesday, the CFPB announced changes to its supervisory policies and a corresponding update to the exam manual, with the goal of enhancing its ability to protect consumers against illegal discrimination.

Last week the Senate Banking Committee advanced FHFA Acting Director Sandra Thompson’s nomination, moving her closer to being confirmed as Director. And on Wednesday, the CFPB announced changes to its supervisory policies and a corresponding update to the exam manual, with the goal of enhancing its ability to protect consumers against illegal discrimination.

Last week, both the House and Senate passed a $1.5 trillion Fiscal Year 2022 “omnibus” appropriations bill, which includes robust funding for HUD – and several wins for the industry. Also last week, MBA submitted comments to FHFA regarding its new strategic plan.

Last week, both the House and Senate passed a $1.5 trillion Fiscal Year 2022 “omnibus” appropriations bill, which includes robust funding for HUD – and several wins for the industry. Also last week, MBA submitted comments to FHFA regarding its new strategic plan.

President Joe Biden delivered his State of the Union address last week to a joint session of Congress, focusing heavily on the war in Ukraine and rising inflation. Federal Reserve Chair Jay Powell appeared before both chambers of Congress, signaling to lawmakers that the Fed will lift interest rates a quarter-percentage point later this month.